Pessimism Reigns as UK Wine Market Travails Continue - Just-Drinks
Pessimism Reigns as UK Wine Market Travails Continue - Just-Drinks Wine Survey Reveals Downbeat Mood
BROMSGROVE, England, June 1, 2012-
Levels of pessimism in the wine trade in the UK hit new heights last week, as a survey
of operators in the country’s off-trade indicated a bleak landscape.
The survey, commissioned by just-drinks, discovered that 49% of responders had
negative feelings about the year ahead for the wine market in the UK; a big jump compared
to just 25% last year. Richard Woodard, who compiled the just-drinks ‘State of the Nation’
report [http://bit.ly/JRtQ5f ] from the survey results, blamed a “combination of negative
factors” pointing to “the fragility of the economic recovery as the UK slips officially
into a double-dip recession, ever-increasing levels of excise duty and tough pricing
policies from extremely powerful multiple retailers.”
The survey results were presented during a briefing and Q&A hosted by just-drinks
managing editor Olly Wehring at last week’s London International Wine Fair. Joining
Wehring was a panel of industry experts, including James Lousada, European general manager
at Accolade Wines, Concha y Toro’s commercial director for the UK, Simon Doyle, and Su
Birch, CEO of Wines of South Africa.
Although the survey highlights that there will be tough times ahead for the UK wine
market for the coming year, Woodard expressed that “the UK remains a huge wine market with
more diversity than many of it’s European neighbours”.
“Responses this year were the most pessimistic since we started the annual survey six
years ago,” added Wehring. “Despite this, there remain pockets of growth and potential to
succeed in the UK, a wine market that remains exciting despite its challenges.”
A full copy of the report, recording of the briefing, and pdf of the slides, is
available free of charge to just-drinks subscribers by clicking here.
[http://bit.ly/JRtVWs ]
Aboutjust-drinks.com
Established in 1999, just-drinks is a leading online resource for global beverage
industry, publishing around 20 news articles, analysis features and insights every working
day. Under the direction of managing editor Olly Wehring, its experienced team of
journalists, consultants and analysts provide a unique and comprehensive blend of reports
and interpretation of the beverage industry, including key events, trends, interviews and
research [http://bit.ly/JRu1gT%20 ] that is delivered to over 92,000 business executives
per month.
Via its web site, webinars and in-depth management briefings just-drinks offers
insight into soft drinks, wine, beer, liqueur and whiskies industry developments and
supply-chain trends, brand and corporate strategies, CONSULT research platform, enterprise
technologies such as PLM and ERP. Furthermore, just-drinks supplies news on manufacturing
developments and how the drinking industry retailers perform around the world. For details
of how just-drinks is helping decision makers make decisions, visit
http://www.just-drinks.com.
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Source: just-drinks.com